Options as a Strategic Investment

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New York Institute of Finance, 1993 - Inversiones - 882 pages
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The market in listed options and non-equity option products provides investors and traders with a wealth of new, strategic opportunities for managing their investments. This updated and revised Third Edition of the bestselling options book of all time gives you the latest market-tested tools for maximizing the earnings potential of your portfolio while reducing downside risk - no matter how the market is performing. Inside this expanded edition are scores of proven techniques and business-tested tactics for investing in many of the innovative new options products available. For example, you'll find buy and sell strategies for Long Term Equity Anticipation Securities (LEAPS); a thorough analysis of neutral trading, how it works, and various ways it can improve your overall profit picture; detailed guidance for investing in Preferred Equity Redemption Cumulative Stocks (PERCS> and how to hedge them with common and regular options; an extensive overview of futures and futures options; and much more. Written especially for investors who have some familiarity with the option market, this comprehensive reference also shows you the concepts and applications of various option strategies - how they work, in which situations, and why ... techniques for using index options and futures to protect your portfolio and improve your return ... and the implications of the tax laws for option writers, including allowable long-term gains and losses. In addition, detailed examples, exhibits, and checklists show you the power of each strategy under carefully described market conditions.

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User Review  - missvicky1955 - Overstock.com

Couldnt wait to get my own copy of Options as a Strategic Investment as Im sure my local library would like to lend their only copy out to others. This is a great reference guide for the new trader as ... Read full review

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About the author (1993)

LAWRENCE G. McMILLAN is the President of McMillan Analysis Corporation. He authors "Daily Volume Alerts," a unique daily fax service, which selects short-term stock trades by looking for unusual increases in equity option volume. He also edits and publishes The Option Strategist, a derivative products newsletter covering equity, index, and futures options. He has spoken on options strategies at many seminars and colloquiums in the United States, Canada, and Europe. In addition, he trades his own account actively in the options markets. He was formerly Senior Vice President in charge of the Equity Arbitrage Department at Thomson McKinnon Securities, Inc. Mr. McMillan currently resides in Randolph, New Jersey.

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